Litecoin (LTC), released in October 2011, is a global decentralized digital currency, based on blockchain technology. It is often referred to as a lightweight Bitcoin, because it's technically nearly identical, but substantially cheaper. All transactions are recorded on a public ledger called The Blockchain. It allows faster processing and faster transaction confirmation. It has the fourth largest market capitalization of all the cryptocurrencies and is carried by many exchanges.
The number of units is capped at 84 million and almost 49 million are in supply. Because of this cap, inflation won't decrease their value. Litecoin miners use their computers resources to support the cryptocurrency that's based on an open source protocol and get rewarded with Litecoins if they have done a certain amount of cryptographic work. Units can be bought or sold against bitcoin or against a fiat currency like the USD or the EUR. You can also purchase good and services with them.
What Halving means?
Halving is a term common among cryptocurrency miners – the process sees the reduction of mining rewards of cryptocurrencies slashed by 50%.
The halving is the event, the moment when the mining reward is divided by 2, is commonly called "halving". Other denominations are used: "reward drop", "reward halving", or simply "the halving" or "the...
The rate moves to a rising trend channel. The trend channel direction is parallel to the ATR axis of the exchange rate. The ATR axis also rises. Therefore, a further increase is expected. Target price is the top of the trend channel 115USD.
LITECOIN HALVING: SELL THE NEWS
Previous Litecoin Halving Price Rallied 700% 49 days before Started crashing 73%.
Current Litecoin Halving Price already rallied 500% Could it raly further and have another big correction like last time?
BUY THE RUMOUR SELL THE NEWS!
So guys! I think an imminent rise is comig for LTC, based on a lot of factors:
1) It has reached the resistance that double bottomed on february,
2) Ithas just reached a bit below MA200 and bounced back
3) TRIX seems to be reversing, and the discrepancy between it and the MA is getting lower
4) RSI has just reached oversold, coupled with stoch, and is bouncing...
weekly stochastic RSI is due a plunge , how ever volume is getting thin and i think a quick drive by the bulls uo to middle 4k might happen which will strongly get rejected down to a 2800 area
just my thoughts troops.
at 2800 we could go side ways untill a slow bull starts in may/june
this how ever could be all irrelevant as Bitcoin is being controled by the...
Divergence on Volume and RSI as well as other indicators suggest the LTC uptrend is coming to a close. You could argue that LTC has been leading many Alts for the past few weeks and if that were the case we could see a drop or a stagnation in many Alts in the days and weeks to come.
looking at history we have to drop in to that zone on the top of the lower historical trend
one this is clear, we wont get a bull run this year, we may bot get a bull run for 18 months, but we might get an up and down sideways between 5 and 3
a drop to 2k is not out of the question soon, id be shocked but not surprised.
the volume is low.
if the S&P 500...
The cryptocurrency market is moving. We are seeing green and we like... We love it!
I am now looking at the total market for the entire cryptocurrency market, all altcoins including Bitcoin, and we have several interesting signals.
Perhaps you might want to take a minute now to hit LIKE, and then continue reading what I am about to share... Thanks a lot for...
Here we examine the potential A-B-C correction in LTC.
The dark blue count reveals a scenario where we head for another impulsive wave down.
The pale green count looks at a possibly finished down trend.
From my perspective, the dark blue count seems much more likely at the moment, though continued resilience at these price levels may lead to a commendable bounce...
The LTCUSD pair remains under selling pressure on Wednesday, as the eight largest cryptocurrency by market capitalization struggles to rally away from the worst trading levels of the week. Litecoin buyers need to force price back inside the well-defined flag pattern to negate immediate downside pressure. The LTCUSD pair will likely come under further technical...
On LTC/USD we have reversal pattern (inverted SHS) which has been broken (neck line) and getting ready to climb higher. At the moment pair is breathing to the strong trend lines back (thich grey line). Until the price is above 35.77 is bullish until price will reach bearish Block where the pair can face a strugle. If price will manage to break and stay above we...
Litecoin has moved back under the $30.00 level after finding strong technical resistance from the $31.50 level on Wednesday. Before correcting under the $30.00 handle, the LTCUSD pair had gained close to thirty per cent in market capitalization since opening the new trading week around the $24.40 level. The MACD indicator on the four-hour time is starting to...
Potential for a long trade here on LTC after this pullback. There is some resistance at target 1 however if this breaks price could reach target 2 at AB=CD extension. On this chart I have incorporated the ZenTrend and Hoffman scripts for entry, stop and targets.
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